Quantstamp Unveils Tool to Counter DeFi Flash Loan Attacks
Quantstamp, a blockchain security firm, has introduced the Economic Exploit Analysis tool designed to detect potential flash loan attack vulnerabilities in smart contracts. While it can analyze multiple contracts from various DeFi protocols, some manual adjustments are needed for specific protocols. Flash loan attacks, which have drained about $200 million in the Euler Finance exploit alone, are a growing concern in DeFi.
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Quantstamp, a blockchain security firm, has introduced the Economic Exploit Analysis tool designed to detect potential flash loan attack vulnerabilities in smart contracts.
While it can analyze multiple contracts from various DeFi protocols, some manual adjustments are needed for specific protocols.
Flash loan attacks, which have drained about $200 million in the Euler Finance exploit alone, are a growing concern in DeFi.
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